Holly Energy Partners downgraded by Barclays with a new price target
$HEP
Natural Gas Distribution
Energy
Barclays downgraded Holly Energy Partners from Equal-Weight to Underweight and set a new price target of $17.00 from $20.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2022 | $19.00 | Neutral | Citigroup |
| 2/23/2022 | $21.00 → $20.00 | Outperform | Raymond James |
| 1/20/2022 | $20.00 → $17.00 | Equal-Weight → Underweight | Barclays |
| 12/16/2021 | $22.00 | Equal-Weight → Overweight | Wells Fargo |
| 10/19/2021 | $19.00 → $20.00 | Overweight → Equal-Weight | Barclays |
| 8/10/2021 | $21.00 → $20.00 | Neutral | Credit Suisse |
| 8/4/2021 | $22.00 → $21.00 | Outperform | Raymond James |
| 8/4/2021 | $24.00 → $20.00 | Neutral → Underweight | JP Morgan |
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
4 - HOLLY ENERGY PARTNERS LP (0001283140) (Issuer)
Reported net income attributable to HEP of $50.2 million or $0.40 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $82.2 million and Adjusted EBITDA of $103.2 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the second quarter of 2023. Net income attributable to HEP for the second quarter of 2023 was $50.2 million ($0.40 per basic and diluted limited partner unit), compared to $56.8 million ($0.45 per basic and diluted limited partner unit) for the second quarter of 2022. The decrease in net income attributable to HEP was mainly due to higher interest expense associated with higher inte
Reported net income attributable to HEP of $57.5 million or $0.45 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $87.8 million and Adjusted EBITDA of $108.4 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the first quarter of 2023. Net income attributable to HEP for the first quarter of 2023 was $57.5 million ($0.45 per basic and diluted limited partner unit), compared to $49.6 million ($0.45 per basic and diluted limited partner unit) for the first quarter of 2022. The increase in net income attributable to HEP was mainly due to net income from Sinclair Transportation Company LLC ("
Reported net income attributable to HEP of $68.5 million or $0.54 per unit Announced quarterly distribution of $0.35 per unit Reported EBITDA of $88.6 million and Adjusted EBITDA of $115.7 million Holly Energy Partners, L.P. ("HEP" or the "Partnership") (NYSE:HEP) today reported financial results for the fourth quarter of 2022. Net income attributable to HEP for the fourth quarter was $68.5 million ($0.54 per basic and diluted limited partner unit) compared to $45.6 million ($0.43 per basic and diluted limited partner unit) for the fourth quarter of 2021. Distributable cash flow was $85.8 million for the fourth quarter of 2022, an increase of $22.7 million, or 36.1%, compared to the
SC 13D/A - HOLLY ENERGY PARTNERS LP (0001283140) (Subject)
SC 13G/A - HOLLY ENERGY PARTNERS LP (0001283140) (Subject)
SC 13D - HOLLY ENERGY PARTNERS LP (0001283140) (Subject)
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. ("HEP") (NYSE:HEP)announced that at a special meeting of HEP unitholders (the "HEP Special Meeting") and a special meeting of HF Sinclair stockholders (the "HF Sinclair Special Meeting"), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the "Merger Agreement"), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC ("Merger Sub"), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C. and HEP, and the transactions contemplated ther
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced that as of 5:00 p.m., New York City time, on November 13, 2023 (the "Early Participation Date"), that $880,229,000 in aggregate principal amount of outstanding HEP Notes (as defined below) previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and, together with HEP, the "HEP Issuers"), representing approximately 97.80% of the total outstanding principal amount of the HEP Notes, have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly withdrawn) in connection with its previously announced private exchange offe
15-12G - HOLLY ENERGY PARTNERS LP (0001283140) (Filer)
EFFECT - HOLLY ENERGY PARTNERS LP (0001283140) (Filer)
POS AM - HOLLY ENERGY PARTNERS LP (0001283140) (Filer)
Citigroup initiated coverage of Holly Energy Partners with a rating of Neutral and set a new price target of $19.00
Raymond James reiterated coverage of Holly Energy Partners with a rating of Outperform and set a new price target of $20.00 from $21.00 previously
Barclays downgraded Holly Energy Partners from Equal-Weight to Underweight and set a new price target of $17.00 from $20.00 previously
OVERLAND PARK, KS / ACCESSWIRE / November 30, 2023 / TortoiseEcofin today announced that Holly Energy Partners LP (NYSE:HEP) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by HF Sinclair Corp (NYSE:DINO). Due to the acquisition, HEP will be removed from indices at market open on Friday, December 1, 2023.For the Tortoise MLP Index® (TMLP), HEP will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% thresho
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the expiration and final results of the previously announced (i) private offers to exchange (each an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding (a) 6.375% Senior Notes due 2027 (the "2027 Notes") and (b) 5.000% Senior Notes due 2028 (the "2028 Notes" and, together with the 2027 Notes, the "HEP Notes") previously issued by HEP and Holly Energy Finance Corp. ("Finance Corp." and, together with HEP, the "HEP Issuers") for new notes to be issued by HF Sinclair (the "New Notes"), with registration rights, and cash, and (ii) consent solicit
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") and Holly Energy Partners, L.P. ("HEP") (NYSE:HEP) announced that at a special meeting of HEP unitholders (the "HEP Special Meeting") and a special meeting of HF Sinclair stockholders (the "HF Sinclair Special Meeting"), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the "Merger Agreement"), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC ("Merger Sub"), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C. and HEP, and the transactions contemplated th
HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair") today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. (NYSE:HEP) ("HEP") today announced the appointment of Michael C. Jennings as President of Holly Logistic Services, L.L.C. ("HLS") effective today. HLS is the ultimate general partner of HEP. Mr. Atanasov currently serves as Chief Financial Officer of Lummus Technology LLC, a global chemical technologies company for the petrochemical and energy industries, a position he has held since April 2022. Prior to joining Lummus, Mr. Atanasov served as the Executiv